EX-99.25 2 bwtrdelistreason.txt Delisting Determination,The Nasdaq Stock Market, LLC, August 5, 2009, Basin Water, Inc. The Nasdaq Stock Market, Inc. (the Exchange) has determined to remove from listing the common stock of Basin Water, Inc. (the Company), effective at the opening of the trading session on August 17, 2009. Based on a review of the information provided by the Company, Nasdaq Staff determined that the Company no longer qualified for listing on the Exchange pursuant to Listing Rules 5100, 5110(b), and IM-5100-1. The Company was notified of the Staffs determination on July 16, 2009. The Company did not appeal the Staff determination to the Hearings Panel, and the Staff determination to delist the Company became final on July 27, 2009.